2004 – Page 181

According to the Heritage Foundation, the Dominican economy is just like it was in 1995. The newspaper Diario Libre is reporting that deteriorating banking and financial activity, the increase in prices, and the weakening of purchasing power are some of the economic indicators that allow the Heritage Foundation and the Wall Street Journal to say …

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For the first time in many months, the different actors within the energy sector have accepted the possibility of a serious revision of the contracts to sell energy in the Dominican Republic. The seminar, organized by the National Energy Commission (CNE), brought together all of the different sectors that deal with electricity. At first, some …

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Tired of living off of memories of the glory days of years gone by, Puerto Plata appears to have become a phoenix, and is preparing itself to fly again among the preferred destinations of the Caribe. In the first place, the offerings are now more than sun and beaches. Emphasis is being made on the …

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Two of Santo Domingo?s most impressive addresses have become what is being called ?Gastronomic Avenues?. The Gustavo Mejia Ricart and the Roberto Pastoriza contain some of the most highly touted bars and restaurants in the city. Once located in quiet residential areas of Naco and Piantini, and highly regarded addresses among capitol dwellers, the avenues …

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On Saturday, Dominican runner Felix ?Super? Sanchez, a two-time world champion of the 400 meter hurdles, was humbled by his countryman and running mate Carlos Yohelin Santa, and finished fourth behind Santa, Otis Harris, the pre-race favorite, and Trinidadian Ato Modibo. The race time was a new personal best for Santa at 45:35. The Dominican …

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The very first track and field Grand Prix begins tomorrow at four o?clock in the afternoon in the huge Juan Pablo Duarte Olympic Stadium in Santo Domingo. This will be the first event of the Grand Prix Athletic Circuit of the Caribbean. Yesterday, Minister of Sports, Cesar Cedeno, announced that President Hipolito Mejia had given …

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The Hamilton Beattie & Staff-Hoy poll that was released yesterday confirmed a growing confidence in the Central Electoral Board and its work. According to today?s Hoy, the survey shows an important rise in voter confidence. In the latest period, 80% of the people questioned expressed a positive attitude towards the work being done by the …

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The superintendent of electricity, George Reinoso, told reporters yesterday that one of the fundamental problems of the electric sector is the fact that the distributors are bankrupt and have lost their lines of credit. ?And the generating sector has been de-capitalized because the distributors don?t have the cash flow to pay them, ? added Reinoso. …

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Speaking at the same seminar, Elena Viyella de Paliza, president of the National Council of Private Businesses (CONEP), told her audience that the root causes of the problems in the sector were caused by not applying the General Law of Electricity, and by not punishing the violators of the law. The outspoken business leader emphasized …

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The newspaper El Caribe reports that there will be 200 international observers for the 16 May elections in the Dominican Republic. The United States alone will invest RD$69.3 million pesos in support of the elections. According to the article, the United States will send 50 volunteer observers that were trained by the US embassy. Ambassador …

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